Home Equity Line of Credit

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Turn your home's equity into a helpful financing solution.

Rates as low as 4.99% APR*
Use it any time during a 20-year draw period
No application fee, annual fee or closing costs**

Turn the equity of your home into a low-interest Home Equity Line of Credit (HELOC) that you can use to finance home renovations, college expenses or anything else, including debt consolidation if you have high-interest loans elsewhere.


After investing so much time and money in your home, it's time to take advantage of its equity. When you have unexpected expenses or projects to finance, consider how a HELOC from Union can provide the solution, and peace of mind knowing you're prepared for anything life throws your way.

  • Borrow as much or as little as you need
  • Pay interest only on the money you use
  • Choose to make interest-only payments
  • Interest may be tax-deductible (please consult your tax advisor)
  • Our Equity Line of Credit Payments Calculator helps you see the impact of different approaches to paying off your line
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Disclosures:

*The lowest APR (Annual Percentage Rate) offered is 4.99%, which is a variable rate, and is subject to change. All balances will be calculated at a standard variable APR as indexed to The Wall Street Journal Prime Rate (as of April 13, 2018, the Prime Rate was 4.75%), plus a margin of 0.24% for the life of the loan. To obtain the advertised rate, applicants must possess a Beacon Score of 720 or greater and automatic deduction of monthly payment is required from a Union checking account. The maximum APR is 24% or maximum permitted by state law, whichever is less. This Union Bank & Trust Home Equity Line of Credit has a 20-year draw period with a final balloon payment. There is no origination fee charged to open. Other fees may be charged at origination, closing or subsequent to closing, ranging from $0 to $1,000. Offer is subject to credit approval and is based on a minimum equity line amount of $50,000 with a maximum combined loan-to-value of 80%. Bank must be in a valid first or subordinate lien position on the collateral. Home Equity Lines of Credit closed within 36 months from the opening date will be charged a prepayment penalty as follows: Lines ≤ $100,000 will be charged 1.00% of the line amount. Lines > $100,000 will be charged 0.50% of the line amount. Property insurance and flood insurance, where applicable, will be required. This offer is limited to primary and secondary, single-family residential real property located in Virginia. Please consult a tax advisor regarding interest deductibility. Certain conditions and restrictions may apply.

**Bank will pay all closing costs for non-purchase money equity lines up to $249,999. Equity lines of $250,000 or more, and subordinate equity lines used for purchase money, will receive a $600 credit toward closing costs.